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Rich and Shauna Nielson file a joint tax return, and they itemize deductions. Assume their marginal tax rate on ordinary income is 25 percent. The Nielsons incur $2,400 in miscellaneous itemized deductions, excluding investment expenses. They also incur $1,800 in noninterest investment expenses during the year. What tax savings do they receive from the investment expenses under the following assumptions:
Their AGI is $165,500. (Round your answer to the nearest whole dollar amount.)
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